McKesson price target raised to $770 from $745 at Morgan Stanley

Morgan Stanley analyst Erin Wright raised the firm’s price target on McKesson (MCK) to $770 from $745 and keeps an Overweight rating on the shares. The firm walked away from conversations with McKesson’s C-suite “encouraged by its broad-based operational FY26 EPS raise” and increased the firm’s own FY26 EPS forecast to $37.31, reflecting a better AOI performance across segments.